Coffee importers stockpiling on fears over coronavirus lockdowns

NEW YORK (REUTERS) – Coffee importers in some of the largest consuming countries are stockpiling, bringing forward orders by up to a month to avoid shortages if supply chains are disrupted by coronavirus lockdowns. The global pandemic has prompted governments around the world to impose severe restrictions on movement in a bid to stem the spread of the virus. Supply […]

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Oklahoma energy producer Chaparral seeks debt advice – sources

March 27 (Reuters) – Chaparral Energy Inc is working with debt restructuring advisers as it looks to shore up its cash position at a time of financial distress for U.S. oil and gas producers, people familiar with the matter said on Friday. The economic fallout of the coronavirus pandemic and an oil price war between Russia and Saudi Arabia have […]

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UPDATE 1-Eurozone yields steady as U.S. fiscal boost soothes nerves

* Italy/Germany bond yield gap well off highs * U.S., European fiscal stimulus give heart to investors * But lock downs could severely hurt global economy * Eurozone periphery bond yields tmsnrt.rs/2ii2Bqr (Adds Coronabond comments from ECB’s Lagarde, quote, updates prices) By Abhinav Ramnarayan LONDON, March 25 (Reuters) – Eurozone government bonds steadied on Wednesday after policymakers in Europe and […]

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US retailers plan to stop paying rent to offset coronavirus hit

NEW YORK (BLOOMBERG) – Major US retail and restaurant chains, including Mattress Firm and Subway, are telling landlords they will withhold or slash rent in the coming months after closing stores to slow the coronavirus, according to people familiar with the situation. In a brewing fight, chains are calling for rent reductions through lease amendments and other measures starting in […]

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UPDATE 1-Britain seeking 250,000 volunteers to help health service

(Adds detail, tasks and Hancock quote) LONDON, March 24 (Reuters) – Britain is looking for 250,000 volunteers to help the National Health Service (NHS) and vulnerable people hit by the coronavirus crisis, health minister Matt Hancock said on Tuesday. “We are seeking a quarter of a million volunteers, people in good health, to help the NHS, for shopping, for delivery […]

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Fed's 'bazooka' soothes dollar funding squeeze

LONDON, March 24 (Reuters) – The U.S. Federal Reserve’s efforts to shield the economy from the effects of the coronavirus have — for now – slowed a scramble for dollars that threatened to clog funding markets. The dollar had gained almost 9% in 11 days in the rush for cash, but it fell on Tuesday, at one point to its […]

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